Group 1: Gold Market Analysis - The current gold price is experiencing a slight decline, trading around $3377, after a drop of 0.34% to close at $3369.19 per ounce, following a peak of $3390 [2] - The recent drop is attributed to profit-taking by investors after a three-day rise driven by increased risk aversion due to weak U.S. employment data [2] - Technical analysis indicates that gold remains in a bullish trend but is at a relatively high level, suggesting potential for a reversal; resistance is noted at $3385 and support at $3360 [3][5] Group 2: Oil Market Analysis - Oil prices have rebounded slightly after five consecutive days of decline, with Brent crude rising 0.7% to $67.47 per barrel and WTI crude up 0.9% to $64.97 per barrel [6] - The rebound is influenced by concerns over potential U.S. sanctions on Russia and expectations of high-level talks between U.S. and Russian leaders [6] - Technical indicators suggest that the oil market is in a new downward trend, with short-term resistance at $66.5-$67.5 and support at $63.0-$62.0 [7]

Market Overview - The gold market is experiencing a complex situation due to multiple factors, including profit-taking leading to a slight decline in spot gold prices, heightened expectations for a Federal Reserve rate cut in September, and geopolitical tensions arising from tariff measures by the Trump administration against countries like India and Switzerland [1] - As of the early trading session on August 7, spot gold is trading around the 3370 level, with market participants awaiting key economic indicators such as initial jobless claims in the U.S., the Bank of England's interest rate decision, and comments from Federal Reserve officials [1] Gold Price Trends - In the previous trading day, gold prices rose to $3385.3 during the Asian session before declining to a low of $3358.1, where a rebound occurred. The daily chart shows a small bearish candle, with prices remaining above the mid-band, indicating a relatively bullish trend [3] - The hourly chart indicates that gold prices fell to $3364 before rising again, currently trading around $3380. The 5-day moving average is trending upwards, and both KDJ and MACD indicators suggest a bullish momentum [3] Trading Recommendations - A buy recommendation is suggested for gold around the $3367-$3370 range, with a stop loss at $3362 and a take profit target of $3385-$3390 [5] - A sell recommendation is advised for gold around the $3393-$3396 range, with a stop loss at $3401 and a take profit target of $3380 [5]

Fundamental Analysis - The U.S. White House announced that Trump signed an executive order modifying reciprocal tariff rates for certain countries, imposing a 10% tariff on countries not listed in the order, increasing tariffs on Canada from 25% to 35%, and imposing a 40% punitive tariff on transshipped goods. These measures have strengthened the demand for the U.S. dollar in international trade settlements, indirectly suppressing the monetary appeal of gold [1] - Despite some countries like Brazil and Indonesia receiving tariff exemptions, the overall escalation of trade tensions has not significantly stimulated market demand for gold as a safe haven, suggesting that gold prices may face upward limitations in the short term [1] - Economic data indicates that July's Challenger job cuts reached the highest level for the same period since 2020, and initial jobless claims show signs of labor market weakness. However, June's core PCE inflation unexpectedly rebounded to 2.8%, with consumer spending nearly stagnant, hinting at potential stagflation. This complex economic environment should support gold, but expectations regarding Federal Reserve policy are key suppressive factors [1] - Treasury Secretary Mnuchin indicated that personnel adjustments at the Federal Reserve will be completed by the end of the year, and Trump publicly criticized Powell's policy missteps, suggesting the potential appointment of more hawkish officials. Market expectations for the Fed to maintain high interest rates to combat inflation have risen, increasing the opportunity cost of holding non-yielding gold, which may exert downward pressure on gold prices in the short term [1] Technical Analysis - The current gold price is in a downtrend after retreating from its high, with the 4-hour chart indicating a bearish trend. The moving averages MA20 and MA60 are in a bearish arrangement, and the middle band of the Bollinger Bands along with MA20 is exerting pressure on the price [4] - The CCI indicator is near the oversold zone and is turning down, suggesting that the downtrend may continue. The trading strategy for the day is to focus on short positions [4] Market News - Key economic indicators to be released include the UK July Manufacturing PMI final value, Eurozone July CPI year-on-year and month-on-month initial values, U.S. July unemployment rate, U.S. July non-farm payrolls, and various other employment-related metrics [7][8]